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To: matt fahy who wrote (24565)11/16/1998 9:40:00 AM
From: blake_paterson  Respond to of 45548
 
Matt:

The Fed, w/o a doubt. The big question is will they and how much? My sense is that the market has already priced in a ~ 0.375% cut.

If they don't cut, will calmer heads prevail or will we crash and burn?

If they cut only 0.25% (the opinion of most pundits), will we continue our rally? Remember that the markets' EPS revisions for 1999 have yet to be completed, and they will be DOWN in aggregate.

BP